XRP has demonstrated remarkable resilience following last week’s flash crash, hinting at a potential historic rally reminiscent of 2017’s explosive bull run.

The token rebounded sharply from $1.64 to around $2.61, suggesting that buyers are returning and positioning for higher levels. Analysts say this rebound could mark a turning point for XRP, as technical indicators and historical patterns align to support a possible repeat of previous bullish surges.

XRP Price Recovery After Flash Crash

On October 10, 2025, XRP experienced a sudden 48% flash crash, falling from $2.82 to $1.69 before quickly recovering to $2.47. This rapid rebound mirrors a similar 53% wick in December 2017, which preceded a historic 60,000% price surge from $0.006 to $3.84 by January 2018.

XRP was trading at around $2.59, up 8.40% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Currently, the XRP price today stands at around $2.59, up more than 8% from the lows after retesting the 200-day EMA at $2.63—a critical short-term pivot point for traders assessing the sustainability of the recovery.

Historical Patterns Suggest Potential Upside

Market analysts highlight the historical significance of flash crashes as precursors to major rallies. The 2017 crash, followed by a massive bull run, serves as a reference point, with technical charts and Fibonacci extensions pointing to possible upside toward $3 or more.

XRP’s recent 48% flash crash echoes its 2017 pre-pump decline, signaling a potential major price surge in the coming weeks. Source: @UniverseTwenty via X

ETF inflows and increasing institutional interest further support this outlook, signaling that XRP may be entering a period of price discovery.

Technical Outlook: Resistance and Support Levels

XRP’s short-term movement faces key resistance at $2.77–$2.94, with the Parabolic SAR pointing to a potential breakout toward $3.10–$3.20 if buyers maintain momentum. On the downside, support zones near $2.63 and $2.35 remain crucial, as failure to hold these levels could invite renewed selling pressure.

XRP’s recent sharp dip may act as fuel for a potential rebound, with analysts projecting a possible move toward $4 in the near term. Source: MMBTrader on TradingView

Momentum indicators suggest the rebound is still fragile. While the token has reclaimed key EMAs, a decisive break above the descending resistance line, in place since July, will be necessary to confirm a sustained bullish reversal.

Market Flows and Leverage Activity

On-chain data shows $16.3 million in net outflows over 24 hours, indicating investors are moving XRP off exchanges, potentially reducing immediate selling pressure. Meanwhile, derivatives markets show constructive trends: XRP futures open interest rose 7.5% to $4.41 billion, with daily trading volume increasing 30% to $11.8 billion.

Long-to-short ratios favor buyers, with Binance traders holding positions 2.6 to 1 in favor of longs. Additionally, roughly $9 million in short positions were liquidated in the past day, compared to $62 million in longs, signaling that bearish traders were caught off guard by the rebound.

Outlook: Watching Key Levels

Traders will monitor the $2.63 pivot closely. Holding above this level could reinforce the potential for a move toward $2.94 and eventually $3.10, while failure to defend it may drag prices back to the $2.35–$2.20 range.

Despite lingering volatility, XRP’s ability to quickly reclaim the 200-day EMA demonstrates resilience. Analysts emphasize that a sustained breakout above resistance will be essential to confirm whether the token is poised for a long-term rally or experiencing a temporary relief bounce.